Hot Springs Market Update

It keeps getting Better and Better in Hot Springs!  According to the Hot Springs Realtors Association data for August, the overall residential sales volume for the year is up 22% over last year, and the housing inventory is down 12% compared to this same time period last year. 
Apparently the secret is out. Vacationers love Hot Springs! Increased sales are significantly related to the rise in the resort & vacation home market. Lakefront home sales are up 36% over last year.  
Below is an overview of this year’s residential sales in Garland County compared to this same time period year-over-year.
Average Days on Market
1/1/17 – 8/31/17:  170
1/1/18 – 8/31/18:  187           
Number of Listings Sold
1/1/17 – 8/31/17:  1,050
1/1/18 – 8/31/18:  1,217                 
Average Price of Sold Listings
1/1/17 – 8/31/17:  $181,648
1/1/18 – 8/31/18:  $192,224

MLS Sold Volume
1/1/17 – 8/31/17:  $190,730,728
1/1/18 – 8/31/18:  $233,745,315
(data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or other sales not reported thru our local mls)
Click here to take a look at the next report that shows a more detailed overview of the current home sales in Garland County, AR. This report will give you a better look at the supply and demand of homes. 
If we can help more, please give us a call today at (501) 655-6247. It is always our pleasure to serve you.
Warm regards,
Jeff and Paulia Kennedy
Hot Springs 1stChoice Realty
(501) 655-6247
Jeff@BestofHotSprings.com

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